"Barack Obama will become inextricably associated in the public mind with Big Capital."
It is better, and ultimately more respectful, to judge a politician, or any person, by the accumulated body of his work. Based on his record as candidate and president to date, it is plain that Obama sees the world as the bankers see it. He accepts their advice because he agrees with it. He shares their core ethic, and is therefore always forgiving of their "excesses." The fate of his presidency is entwined with theirs.
At some point in the near future Barack Obama will become inextricably associated in the public mind with Big Capital – and deservedly so. No one can predict when this perceptual critical mass will be reached, but once it has occurred, it sticks.
The aftershocks of the recent meltdown and the before-shocks of the next, onrushing crisis of capitalism will bring a cascade of calamities to the doorstep of the White House. With each crisis, Obama will do what we now know comes natural to him: protect capital at all costs to society as a whole.
With their champion saddled with such baggage, it will be interesting to see when "Progressives for Obama" become extinct.
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